XRP is repeating the same pattern of consolidation before next run. XRP is finishing to consolidate and will enter a new run very soon.
I also mention into the graph idea an Eliott Wave which can make us think that it will be the last run before a clean correction (the peak of 3.81$ would be the 5th point of an Eliott Wave).
If we have the same volumes as the same run I don't think It will go futher than the TARGET (of 3.81).
Another option would be similar volumes to the previous run of 2.35$. In this case, we can imagine a break of the 4$ but we will need huge volumes.
So the reasonable take profit is 3.81$.
TARGET : 3.81$
This is just an idea, not a trading advice.
I also mention into the graph idea an Eliott Wave which can make us think that it will be the last run before a clean correction (the peak of 3.81$ would be the 5th point of an Eliott Wave).
If we have the same volumes as the same run I don't think It will go futher than the TARGET (of 3.81).
Another option would be similar volumes to the previous run of 2.35$. In this case, we can imagine a break of the 4$ but we will need huge volumes.
So the reasonable take profit is 3.81$.
TARGET : 3.81$
This is just an idea, not a trading advice.
Trade active
Note
Explained Eliott Wave : Trade closed: stop reached
XRP broke the pattern by overpass the orange support line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.